https://www.taxtmi.com/caselaws?id=449372 ITAT Mumbai dismissed Revenue's appeal regarding transfer pricing adjustments. The TPO had rejected certain comparables but when the same criteria were applied to TPO's selected comparables in ITES and IT segments, arithmetic mean came to 13.73% and 17.51% respectively. CIT(A) correctly held that assessee's pricing for both ITES services (Rs. 30,29,93,009) and software services (Rs. 7,39,80,534) fell within the +/-5% tolerance range under Section 92CA proviso applicable before 01/10/2009. Since prices were within tolerance limits, no adjustment was warranted. ITAT confirmed CIT(A)'s order dismissing Revenue's appeal. en-us Wed, 10 Jan 2024 00:00:00 +0530 Sat, 10 Feb 2024 07:44:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=449372 ITAT Mumbai dismissed Revenue's appeal regarding transfer pricing adjustments. The TPO had rejected certain comparables but when the same criteria were applied to TPO's selected comparables in ITES and IT segments, arithmetic mean came to 13.73% and 17.51% respectively. CIT(A) correctly held that assessee's pricing for both ITES services (Rs. 30,29,93,009) and software services (Rs. 7,39,80,534) fell within the +/-5% tolerance range under Section 92CA proviso applicable before 01/10/2009. Since prices were within tolerance limits, no adjustment was warranted. ITAT confirmed CIT(A)'s order dismissing Revenue's appeal. Case-Laws Income Tax Wed, 10 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=449372